Platinum Asia Fund (Quoted Managed Fund)

Platinum Asset Management (Platinum) has launched the Platinum Asia Fund (Quoted Managed Fund) (the Fund) which was listed on the ASX - with code PAXX - on 14 September 2017.

The Fund will feed into Platinum's $4 billion unlisted flagship fund, the Platinum Asia Fund, giving investors access to its portfolio composition, portfolio managers and investment strategies.

The Fund primarily invests in the listed securities of Asian companies, including those based in China, Hong Kong, Taiwan, Korea, Malaysia, Singapore, India, Thailand, Indonesia, Philippines, Sri Lanka, Pakistan and Vietnam.

The Portfolio, according to Platinum, will ideally consist of 50 to 100 securities that Platinum believes to be undervalued by the market. Cash may be held when undervalued securities cannot be found and Platinum may short sell securities that it considers overvalued.

The portfolio will be managed by Joseph Lai, and will typically have 50% or more net equity exposure.

Platinum has also launched the Platinum International Fund (Quoted Managed Fund) - ASX: PIXX. Read more here.